Eight core-sector industries have a combined weight of 38 per cent in the IIP. In March last year, the core sector growth was 4%. The previous low was a negative growth of 0.6 per cent in October 2013.
Indirect tax collection,a reflection of production and trade activities in the country,continues to show dismal performance. In October,indirect tax collection comprising customs duty,excise duty and service tax,grew 7.4 per cent at Rs 41,570 crore compared to Rs 38,712 crore during the same period of the last fiscal. The most worrying is the excise duty collection,which […]